Taiwan Shipbuilder Denies Orderbook Collapse

Tuesday, April 21, 2009

According to an April 19 report from the Taiwan News, Taiwan International Shipbuilding denied reports that its business had collapsed after Zim Integrated Shipping Services Ltd. canceled order. Vice General Manager Wang Ko-hsuan told Taiwan News that Zim Integrated Shipping did cancel a plan to buy six ships, but it still had more than 50 vessels left to build. Ko-hsuan said there would be no layoffs for five years and no wage cuts.